Why Might Salsa Prices Soar?

During the 1970s we did not eat many limes, maybe less than 1/2 a pound each year, and most were from Florida. Now our consumption has tripled and the lime has gone global. Faced with cheap Mexican li…

More Expensive Ice Cream?

Milk prices are going up. And yet, in the US, we are drinking less milk. According to Corey Geiger, managing editor of Hoard’s Dairyman magazine, one reason is oil. Countries in the Middle East …

Why Are Steak Prices Rising?

In 1918, a filet mignon at Delmonico’s Restaurant would have cost $1.65. That same item on their 2014 menu is $48.00. However, according to the BLS inflation calculator, if the price had remaine…

A New Cause of the Housing Bubble

In the 663 page report from the Financial Crisis Inquiry Commission (remember them???), the 2000-2011 real estate boom and bust is blamed on relatively predictable conditions. Just glancing at their c…

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